Earnings

Cisco (CSCO) Q1 earnings report 2024

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Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.

Adam Galica | CNBC

Cisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter and the full fiscal year.

Here’s how the company did, compared to the consensus among analysts surveyed by LSEG, formerly known as Refinitiv:

  • Earnings: $1.11 per share, adjusted, vs. $1.03 per share expected
  • Revenue: $14.67 billion vs. $14.61 billion expected

Revenue increased by 7.6% in the fiscal first quarter, which ended on Oct. 28, according to a statement. Net income, at $3.64 billion, or 89 cents per…



Source cnbc.com

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